On January 1, 2018, Holidays Unlimited issues 6%, 5-year bonds payable with a face value of $180,000. The bonds are issued at 104 and pay interest on June 30 and December 31.

How much money will Holiday receive from the bond sale?

Is the stated interest rate of 6% higher than the prevailing market interest rate at issue?

Record the accounting entry when the bond is issued: Record the accounting entry on June 30, 2018: (Hint: record interest expense, amortize the discount on B/P, and record cash payment: Cash payment is calculated based on face value and stated rate)

Record the accounting entry on December 31, 2018: What is the carrying amount of the bond as of December 31, 2018?

If the company decides to retire the bonds at December 31, 2018 for $185,000, what is the journal entry for retiring the bond?

Holiday did not retire the bonds at the end of 2018. Holiday pays off the bonds on January 1, 2023. Show the accounting entry: (Hint: at maturity, the company pays off the maturity value)

*please answer the three bolded questions* thank you :)